Even Elon Musk thinks Tesla is overvalued
Elon Musk said that Tesla is overvalued considering the amount of money it loses.
Elon Musk might be a dreamer, but he might be a little more realistic than some of his investors. In an interview with The Guardian – the focus of which is actually about working conditions – the Tesla CEO admits his skepticism about the company's stock value, which is currently well over $300 a share."I do believe this market cap is higher than we have any right to deserve," Musk says. Tesla's market value surpassed Ford, and then GM, despite only producing only a miniscule fraction of the n...
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